19109-19123 SE Yamhill St - Apartments FOR SALE


Gresham, OR 97233
$2,890,000 USD
503-451-0745
19109-19123 SE Yamhill St, Gresham, OR for Sale
$2,890,000 USD
Apartments - FOR SALE
1/17
null | 4.09% Cap Rate

19109-19123 SE Yamhill St
Gresham, OR 97233


OVERVIEW

Value-Add Lease-Up Opportunity Currently operating at approximately 81% occupancy, Eastwood Estates offers investors immediate upside through the lease-up of vacant units, creating the opportunity to increase revenue and enhance overall asset performance. Transit-Oriented Eastside Location Situated within walking distance of the Ruby Junction MAX Station and Rockwood Transit Center, the property provides residents with convenient access to downtown Portland, regional employment centers, and major transportation corridors. Strong Rental Demand Fundamentals Located in a renter-dominated submarket with nearly 58% renter occupancy within a one-mile radius, Eastwood Estates benefits from established housing demand and favorable long-term multifamily fundamentals. Attractive Rent Growth Potential The property's current rental income presents a clear path toward increased cash flow through market-supported rent adjustments, positioning investors to capture meaningful revenue growth over time.

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

21

PRICE/UNIT

$137,619

CAP RATE

4.09%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastwood Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,442 SF

ZONING

RTC

APN/PARCEL ID

R153601

ASK ABOUT THIS PROPERTY

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503-451-0745

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503-451-0745

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